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clock Created with Sketch. 26/05/25
17:42
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Originally posted by DannyC25:
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Leo Lithium has returned a good chunk of the proceeds to shareholders & is in the process of resuming trading on the ASX - which allows capital mobility & shareholders to exit if they want out. Assuming no hiccups & AVZ exits Manono, sure it can elect to use some of the proceeds to pursue other opportunities but there would need a process which allows shareholders to exit. AVZ was never set up as private company. The best option if AVZ wanted to continue as a company to pursue other opportunities is to relist on the ASX. I'm personally of the view that AVZ will distribute the proceeds to shareholders & wind up the company. Just my thoughts.
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Out of curiosity, what was the payout per share to Leo Lithium shareholders?
